Two Words... Dive Bar.
This is the place the locals go...and tourists like myself who are looking for some cheap booze to start the night off. My friends particularly like this place because this is the type of place they're used to back home.
It all started out as a joke last year when the "Construction Workers Welcome" sign caught our attention...we just found it to be funny along with the dollar hot dog sign and whatnot. We got sucked in there of course and hung out a while. I left smelling like an ashtray and at the time probably one of the only females in the bar along with the bartender.
I'm speaking from a tourist perspective here...but I'm not sure (besides happy hour) where else in the area you can get dollar beers, and three dollar fire ball shots so I'm down for the free drinks but I typically don't come to Vegas to hang out at a place like this. But, if you're traveling on a budget...hit this place up to get the party started!